Thein Sein vows to prioritise access to water, electricity

Thein Sein vows to prioritise access to water, electricity

Burma’s President Thein Sein offered the opening remarks at the 2nd Myanmar Development Cooperation Forum on Monday, pledging to prioritise seven development programmes during the remainder of his term.

Priorities over the coming 26 months, he said, are increasing access to electricity and water, agricultural growth, job creation, tourism development, financial development, and improvements to the trade and investment sectors.

“In the past, we have relied only on the State budget for development of our country. Now we can also count on other sources of finance, such as foreign aid, loans, and domestic and foreign investments,” said Thein Sein.

The forum was attended by World Bank President Jim Yong Kim, as well as a spread of diplomats, international experts and civil society representatives.

Jim Yong Kim applauded Burma’s emergence from civil war and economic isolation, and announced that the World Bank will offer US$2 billion towards development of Burma’s energy and health sectors.

The First Myanmar Development Cooperation Forum was held on 19-20 January 2013.

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